Texas sees 7 percent increase in new business creations in April
AUSTIN – Secretary Carlos H. Cascos announced Tuesday that his agency saw a 7 percent increase in new business filings in April compared to the previous year.
“The growth of new businesses reflects a willingness for Texans to work hard and continue growing the Texas economy,” said Secretary Cascos. “I think the number of filings reflects continued confidence in the long-term prospects of the Texas economy.”
A total of 14,871 certificates of formation were filed with the Texas Secretary of State in April, creating new for-profit corporations, professional corporations, professional associations, limited liability companies and limited partnerships. This represents a 7.1 percent increase over April 2015, which saw the formation of 13,874 new for-profit formations. These numbers exclude non-profit entities.
As of April 30, a total of 60,988 certificates of formation related to for-profit entities have been filed with the Secretary of State’s office in calendar year 2016.
For more information on starting a business in Texas visit our website at www.sos.texas.gov or contact the Business and Public Filings Division at 512-463-5555.